Mizuho raised the firm’s price target on Nio (NIO) to $4 from $3.50 and keeps a Neutral rating on the shares. The firm sees the U.S. rollback of China tariffs as a positive for macro demand and electric vehicle parts imports, but says lower EV subsidies in U.S. “are a challenge.”
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Read More on NIO:
- Mixed options sentiment in NIO (NIO), with shares down $-0.10 (-2.54%) near $4.03
- Mixed options sentiment in NIO (NIO), with shares down $-0.06 (-1.31%) near $4.14.
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